Okla. Stat. tit. 36, § 36-1101.1: Domestic surplus line insurers

A. An Oklahoma domestic insurer possessing policyholder surplus

of at least Fifteen Million Dollars ($15,000,000.00) may, pursuant

to a resolution by its board of directors, and with the written

approval of the Insurance Commissioner, be designated as a domestic

surplus line insurer. Such insurers may write surplus line

insurance in this state and in any other jurisdiction allowed under

the Nonadmitted and Reinsurance Reform Act of 2010.

B. The premiums of a domestic surplus line insurer shall be

subject to surplus line premium tax pursuant to Section 1115 of this

title. The surplus lines broker or licensee shall pay all premium

taxes to the Insurance Commissioner when Oklahoma is the home state

of the insured until and unless in the exercise of his or her sole

discretion and judgment, the Insurance Commissioner decides to join

the Nonadmitted Insurance Multi-State Agreement or any other

multistate agreement or compact with the same function and purpose.

C. A domestic surplus line insurer may not issue a policy

designed to satisfy the motor vehicle financial responsibility

requirement of this state, the Workers' Compensation Code, or any

other law mandating insurance coverage by a licensed insurance

company.

D. A domestic surplus line insurer is not subject to the

provisions of the Oklahoma Property & Casualty Insurance Guaranty

Association Act nor the Oklahoma Life and Health Insurance Guaranty

Association Act.